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Arsenal Transfer News: Latest Rumours on Juan Cuadrado and Lucas Perez

Arsenal have reportedly bid £17.6 million for Juventus winger Juan Cuadrado, but the Serie A giants want closer to £30 million for the Colombia international, who is also wanted by the Gunners' north London rivals Tottenham Hotspur.

A report from Alvise Cagnazzo of The Sun has detailed Arsenal's attempts to sign one-time Chelsea man Cuadrado: "With Alexis Sanchez likely to leave the Emirates this summer, the Gunners are in the market for a replacement. And are targeting the Colombian—but face serious competition from Tottenham.